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Fastly (FSLY)

Infrastructure · IPO 2019 · Historical SBC from SEC EDGAR

Financials (2025)
Revenue
$624M
Revenue Growth YoY
14.8%
EBITDA
negative
Net Income
$-122M
Stock Price
—
Market Cap
—
Stock-Based Compensation (2025)
SBC Expense
$117M
SBC % of Revenue
18.8%
SBC % of EBITDA
neg EBITDA
SBC % of Market Cap
—
Buybacks
—
Unrecognized SBC
—
SBC % of Revenue — Historical
SBC vs Buybacks ($M) — Historical
SBC % Revenue vs SBC % Market Cap
Revenue-based SBC % is the P&L view. Market-cap-based % is the shareholder dilution view — how much of the company is given away each year.
Market Cap vs Cumulative SBC
Total SBC expense paid since earliest data year vs current market cap. Shows the cumulative cost of stock-based compensation relative to company size.
GAAP vs "Adjusted" Earnings
GAAP net income already includes SBC as a real expense. But many companies highlight "adjusted" earnings that add SBC back, flattering profitability. The orange gap shows how much non-GAAP metrics overstate real earnings each year.
Ownership Retained Over Time
100 = your original ownership at the earliest data year. Net share issuance drives this down.
Annual Gross Dilution vs Buyback Offset
Red = gross share issuance from SBC. Green = shares retired via buybacks. Both as % of prior-year shares.
Year-by-Year Detail
Year SBC ($) Revenue ($) EBITDA ($) SBC % Rev SBC % EBITDA Rev Growth Buybacks ($) Net Income ($) Shares (EOY) Price (EOY) Market Cap SBC % MCap Unrecognized SBC ($)
2025 $117M $624M $-58M 18.8% neg 14.8% — $-122M 142,300,000 — — — —
2024 $108M $544M $-114M 19.9% neg 7.4% — $-158M 142,086,129 — — — —
2023 $136M $506M $-146M 26.9% neg 16.9% — $-133M 132,992,126 — — — —
2022 $146M $433M $-204M 33.7% neg 22.1% — $-191M 124,336,171 — — — —
2021 $140M $354M $-190M 39.6% neg 21.8% — $-223M 118,810,611 — — — —
2020 $64M $291M $-87M 22.2% neg 45.1% — $-96M 113,623,196 — — — —
2019 $12M $200M $-30M 6.1% neg 38.7% $0 $-52M 94,817,715 — — — —
2018 $4M $145M $-16M 2.8% neg 37.8% $2M $-31M 25,025,836 — — — —
2017 IPO $3M $105M $-21M 2.7% neg — — $-32M — — — — —